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Chandra Shekhar Gupta (Proprietor)     03 March 2016

U/s 50c of it act 1961

Sir, Give me the answers some questions please under sec. 50C of IT Act 1961.

Example:- If Ram has been purchased a land worth 50000.00 & that time circle rate of that land Rs. 75000.00 only in 2008. & He want to sale that property on 2015. At 2015 circle rates of that property Rs. 300000.00 but he goes to sale that property in market no any persons give him more than Rs.200000.00 in that case capital gain treated on circle rate or selling rate. Please guide me………..



Learning

 1 Replies

BKS PRAKASH (Own Business )     04 March 2016

please confirm if there is any statutory requirement for filing MRP declaration to Excise


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